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Australia ViewPoint - The future of office in the St Kilda Road precinct March 2017

Recent years have seen growing discussion around St Kilda Road’s future as an office precinct. Driving the conversation, particularly over the last two years, has been the steady withdrawal of office accommodation by developers for repurpose to residential. More recently, a significant rise in vacancy has raised questions around changing tenant demands in the precinct. On its own, however, the total vacancy rate masks two diverging stories between prime and secondary grade office.